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Current Affairs Questions

Statutory, Regulatory & Quasi-judicial Bodies:

Central Vigilance Commission (CVC)

Central Vigilance Commission (CVC) has formed a new panel to examine bank fraud and related cases. Consider the following statements regarding the newly formed panel:

  1. It is a five-member board and its jurisdiction would be confined to those cases involving the level of officers above the General Manager in the PSB in respect of an allegation of a fraud in a borrowal account.
  2. The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds.
  3. It would function as the first level of examination of all large fraud cases over Rs 500 and recommends suitable actions.
  4. Central Bureau of Investigation (CBI) may also refer any case or matter to the board where it has any issue or difficulty or in technical matters with the PSB concerned.

Choose the correct answer from the codes given below:

A
1 and 2
B
2 and 4
C
1 and 3
D
1, 2, 3 and 4

National Company Law Tribunal (NCLT)

National Company Law Appellate Tribunal (NCLAT) can hear the appeal against the order of?

  1. Insolvency and Bankruptcy Board of India (IBBI)
  2. Competition Commission of India (CCI)
  3. National Company Tribunal

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only

National Green Tribunal (NGT)

Consider the following statements vis-à-vis the National Green Tribunal (NGT):

  1. It is a statutory body.
  2. Civil courts cannot hear the cases related to implementation of laws listed in Schedule 1 of NGT.
  3. It is not bound by the procedure laid down under the Code of Civil Procedure, 1908.

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only

National Green Tribunal (NGT)

Formation of the National Green Tribunal is inspired from which Article of Indian Constitution?

A
Article 19
B
Article 22
C
Article 30
D
Article 21

Environment Pollution Control Authority (EPCA)

Consider the following statements vis-à-vis Environment Pollution Control Authority (EPCA):

  1. It derives its power from Air (Prevention and Control of Pollution) Act, 1981.
  2. Graded Response Action Plan (GRAP) is enforced by EPCA in National Capital Region of India.

Choose the correct answer from the code given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Central Information Commission

Consider the following statements vis-à-vis ‘Central Information Commission (CIC)’:

  1. Central Information Commissioner & Information Commissioners are appointed by a committee headed by Prime Minister with leader of opposition of Lok Sabha & Rajya Sabha as its member.
  2. CIC shall hold the office for a term of six years or till he/she attains the age of 65 years.
  3. The decision of CIC is final and binding.

Which of the above answer is/are incorrect?

A
1 and 2 only
B
3 only
C
2 and 3 only
D
1, 2 and 3

Central Pollution Control Board (CPCB)

Consider the following statements:

  1. Central Pollution Control Board (CPCB) was created by an executive order of the Government.
  2. CPCB promotes cleanliness of streams and wells and aims to improve the quality of air in the country.

Choose the correct answer from the code given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Central Drug Standard Control Organization

Consider the following statements about ‘Central Drugs Standard Control Organization’ (CDSCO):

  1. It works under the aegis of Ministry of Chemicals & Fertilizers.
  2. It is National Regulating Authority of India.
  3. CDSCO looks into the issues related to Clinical Trials of Drugs.

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only

Monetary Policy Committee

Consider the following statements with respect to the Monetary Policy Committee (MPC)?

  1. It is a six member body that has to meet at least 4 times a year and is chaired by the RBI Governor.
  2. The rate is decided by voting and only in case of a tie, the chairman will have the second vote or casting vote.

Choose the correct answer from the code given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Forex Swap

Which of the following are likely impact(s) of Forex Swap executed by RBI:

  1. it will lead to appreciation of currency.
  2. It will boost the forex reserve of RBI.
  3. It will lead to skewflation.

Choose the correct answer from the code given below:

A
2 only
B
2 and 3 only
C
1, 2 and 3
D
1 and 2 only
Showing 11-20 of 36 items.